Datalogic: conversion of the USD 70 million “bridge loan” taken out in 2005 to finance acquisition of the American PSC into a medium-/long-term loan completed.
Datalogic is listed on the TechStar market and operates in the development, production and distribution of bar code reader systems and RFID (radio frequency identification systems). It has signed an agreement with a major Italian bank to convert the "bridge loan" obtained in 2005 into a medium-/long-term (due in 2013).
The "bridge loan" - along with own resources for USD 125 million - was used for the acquisition of the American PSC, which took place in late 2005.
The solid financial position of the Group, combined with a long-term financial debt structure, will allow the management to look confidently at further developing activities through acquisitions.